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Posted by AdisoniDiaz on August 4, 2024 at 7:18am 0 Comments 0 Likes
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ContinueThe global Canned Meat Market size is anticipated to reach USD 16.24 billion by 2028, according to a new report by Grand View Research, Inc., expanding at a CAGR of 2.2% from 2021 to 2028. The growing popularity of processed food and increasing per capita spending along with rapid urbanization are expected to fuel the product demand across the world. The poultry segment accounted for the largest meat-type segment in the global market in 2020. The growing consumption of poultry meat across the world is expected to fuel the segment growth. Global poultry meat consumption in 2019 accounted for 128.7 million tons and reached 131.2 million tons in 2020. Canning has become a well-known technique for preserving meat that enables superior dispersion of meat supply throughout the year.
The supermarket & hypermarket distribution channel segment accounted for the maximum revenue share in 2020. With the young and metropolitan populace growing significantly across the world, product distribution through supermarkets and hypermarkets is expected to increase. The growing product distribution through online retailing channels is also expected to fuel the market growth. North America emerged as the largest regional market in 2020. The regional market is driven by the dynamic and fast-paced lifestyle of consumers, credited to rapid urbanization. In addition, advancements in food processing and increasing consumption of ready-to-eat (RTE) food in the region are expected to drive the product demand.
List of Key Players of Canned Meat Market
Related Press Release@ Canned Meat Market Report
Canned Meat Market Report Highlights
Report Attribute |
Details |
Market size value in 2021 |
USD 13.94 billion |
Revenue forecast in 2028 |
USD 16.24 billion |
Growth rate |
CAGR of 2.2% from 2021 to 2028 |
Base year for estimation |
2020 |
Historical data |
2016 - 2019 |
Forecast period |
2021 - 2028 |
Related Reports @
Canned Meat Market Segmentation
Grand View Research has segmented the global canned meat market based on meat type, distribution channel, and region:
Canned Meat Type Outlook (Revenue, USD Million, 2016 - 2028)
Canned Meat Distribution Channel Outlook (Revenue, USD Million, 2016 - 2028)
Canned Meat Regional Outlook (Revenue, USD Million, 2016 - 2028)
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